A 2023 update on corporate litigation in the Delaware Court of Chancery, as well as an update on the annual amendments made to the General Corporation Law of the State of Delaware and alternative entity acts, which were all effective as of August 1, 2023. The material statutory amendments discussed include:
- a simplified process for ratifying defective corporate acts;
- elimination of the need for stockholder approval for certain forward and reverse stock splits;
- and a new insolvency exception for sales of corporate assets.
In addition, with the Corporate Transparency Act ("CTA") going into effect January 1, 2024, we provided an understanding of how the CTA imposes new compliance obligations on U.S. and Foreign entities and how lawyers and firms can prepare to meet these challenges.
CLE Information: This program has been approved for 1.0 substantive CLE credit in California, Delaware, Florida, Illinois, Minnesota, New Jersey/New York, Pennsylvania, Rhode Island and pending in Virginia.
For CLE questions, please contact Lauren Caulk, CLE Manager, Saul Ewing LLP.
Program Recording
